IAG Shares Surge as Air Europa Deal Falls Through, Eyes on TAP Next
IAG‘s shares experienced a significant boost following the company’s decision to abandon its proposed takeover of Spanish Airline Air Europa. This move came after the European Commission expressed concerns over…
Portuguese Government Looks to Privatize TAP Air Portugal by 2024
The Portuguese government has announced plans to privatize TAP Air Portugal by 2024. The airline is currently wholly owned by the government, but it has been struggling financially in recent…
Portugal’s government in hot water as TAP airline scandal deepens
Portugal’s government fired the chief executive of flag carrier TAP last month without a legal assessment of the move, Finance Minister Fernando Medina has acknowledged, deepening a high-profile scandal around…
European airlines lay groundwork for potential bids for Portugal’s TAP
At least three European airlines are laying the groundwork for potential bids for Portugal’s flag carrier TAP, sounding out local communications agencies and legal advisers as a new CEO prepares…
Portugal’s TAP cabin crew call off strike after reaching agreement
Cabin crew at Portugal’s TAP airline have called off a strike that would have forced the cancellation of 1,316 flights between Jan. 25-31 after reaching an agreement with the airline,…